Madonna’s Rain Chair May Fetch $1,000,000 dollars in Design-Art Sale

April 29 (Bloomberg) -- Marc Newson’s “Lockheed Lounge” aluminum chair, once used by Madonna in a video clip, will be among the lots providing London auction houses’ first test of the market for “design art” in 2009.

The futuristic riveted lounger was featured in the 1993 video of the star’s single “Rain,” said the Phillips de Pury auction house. It is expected to fetch as much as 700,000 pounds ($1 million) tomorrow.

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